On this episode of Stock Movers:
-PayPal (PYPL) shares drop. A consortium of Advent and Stripe has decided to abandon its pursuit of PayPal Holdings Inc., according to people familiar with the matter.
-BioNTech (BNTX) shares drop. BioNTech SE and Roche Holding AG abandoned a trial of a personalized cancer vaccine, dashing hopes that had been raised by a rival drugmaker’s recent success in the same field.
-Gap (GAP) shares gain the most intraday since May 2024, after the apparel retailer raised both its adjusted earnings per share and adjusted gross margin outlooks for the full year.
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